BANKING ANALYTICS

Ranking of the Azerbaijani banking sector (ranking includes the information component of the banking sector, the main events of the world economy, the analytical review of the main indices of the banks which are being ranked)

The struggle for democracy in Turkey starts now, Turkish TRT Haber TV channel quoted the former head of the Organization of Islamic Cooperation (OIC), candidate for Turkish president, Ekmeleddin Ihsanoglu as saying on July 2.

Ihsanoglu's candidacy has been nominated by Turkey's oppositional Republican People's Party (CHP).

Ihsanoglu expressed confidence that the presidential election in Turkey will be held in a democratic environment and pointed out that the country's new president should represent all segments of society.

The presidential election in Turkey has been scheduled for August 10, 2014. If none of the candidates gains 51 percent of votes in the first round, the second round will take place on August 24.

As distinct from the previous presidential election, the Turkish president will be elected by people, but not by the parliament as of 2014, according to the results of a referendum held in 2007.The Turkish president will be elected for five-year term instead of the previous seven-year term, according to the referendum results.

Turkey's ruling Justice and Development Party nominated Prime Minister, Recep Tayyip Erdogan's candidacy for presidential election on July 1.

Turkish oppositional Republican People's Party (CHP) nominated the former Secretary-General of the OIC Ihsanoglu as a candidate for the presidential elections on June 16.

CHP leader Kemal Kilicdaroglu said that Ihsanoglu is a kind of person, whose candidacy will be supported by all segments of the society.

Two more oppositional parties, namely, Grand Unity Party and the Democratic Party also intend to support his candidacy.

Haber7 TV channel earlier reported that disagreements are growing in Turkish oppositional Republican People's Party (CHP) over the presidential candidacy of Ihsanoglu.

Reportedly, the Turkish Alawites, who are supporting the party, have refused to vote for Ihsanoglu in the upcoming presidential election.

CHP is expected to nominate the MP Emine Ulker Tarhan's candidacy in the days to come, according to the report.